Union Jack Oil Balance Sheet Health
Financial Health criteria checks 6/6
Union Jack Oil has a total shareholder equity of £22.3M and total debt of £0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are £24.4M and £2.1M respectively. Union Jack Oil's EBIT is £1.0M making its interest coverage ratio -5.8. It has cash and short-term investments of £3.1M.
Key information
0%
Debt to equity ratio
UK£0
Debt
| Interest coverage ratio | -5.8x |
| Cash | UK£3.15m |
| Equity | UK£22.28m |
| Total liabilities | UK£2.14m |
| Total assets | UK£24.43m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: UJOG.F's short term assets (£5.2M) exceed its short term liabilities (£489.2K).
Long Term Liabilities: UJOG.F's short term assets (£5.2M) exceed its long term liabilities (£1.7M).
Debt to Equity History and Analysis
Debt Level: UJOG.F is debt free.
Reducing Debt: UJOG.F has not had any debt for past 5 years.
Debt Coverage: UJOG.F has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: UJOG.F has no debt, therefore coverage of interest payments is not a concern.